Ballard Power Systems (TSE:BLDP) Announces Earnings Results

Ballard Power Systems (TSE:BLDP) released its quarterly earnings data on Friday. The company reported C($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. Ballard Power Systems had a negative net margin of 78.28% and a negative return on equity of 13.50%. The firm had revenue of C$29.27 million for the quarter.

Ballard Power Systems Stock Down 4.1%

BLDP stock traded down C$0.16 during trading hours on Friday, hitting C$3.73. The company’s stock had a trading volume of 1,768,490 shares, compared to its average volume of 1,126,657. The stock has a 50 day moving average price of C$5.71 and a two-hundred day moving average price of C$4.49. Ballard Power Systems has a 12 month low of C$2.34 and a 12 month high of C$9.08. The company has a market capitalization of C$1.12 billion, a PE ratio of -13.81, a price-to-earnings-growth ratio of -2,030.00 and a beta of 1.16. The company has a quick ratio of 13.57, a current ratio of 10.70 and a debt-to-equity ratio of 3.62.

Insider Activity at Ballard Power Systems

In related news, insider Limited Weichai Power Hong Kong International Development Co. sold 2,111,111 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$5.86, for a total value of C$12,371,110.46. Following the transaction, the insider directly owned 44,020,601 shares in the company, valued at approximately C$257,960,721.86. This trade represents a 4.58% decrease in their position. Also, insider Ltd. Weichai Power Co. sold 151,350 shares of Ballard Power Systems stock in a transaction on Monday, July 6th. The stock was sold at an average price of C$4.99, for a total transaction of C$755,236.50. Following the completion of the transaction, the insider owned 30,951,476 shares in the company, valued at C$154,447,865.24. This trade represents a 0.49% decrease in their position. Over the last 90 days, insiders sold 10,064,347 shares of company stock valued at $58,240,001. Corporate insiders own 15.53% of the company’s stock.

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.